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Prodigy Finance specializes in offering loans for postgraduate students studying abroad. Loans are available in 150 countries for borrowers attending more than 850 schools focused on business, engineering, law, public policy and medicine.

In the U.S., Prodigy Finance loans are not available to students in these states:

  • Alabama.
  • Connecticut.
  • Delaware.
  • Idaho.
  • Indiana.
  • Iowa.
  • Michigan.
  • Mississippi.
  • Minnesota.
  • Montana.
  • Nevada.
  • North Dakota.
  • Rhode Island.
  • Vermont.
  • Washington.
  • West Virginia.

How Does Prodigy Finance Work?

The entire loan process takes place online, from submitting an application to signing your loan agreement.

To get started, create an account and confirm your email address. Then share some details about your finances and education plans. Prodigy Finance will send you a customized quote based on the information you provide.

If you decide to accept the quote offered, you’ll need to upload a few documents. Prodigy Finance will then try to match your application with funds from its investors. If you’re matched and accept, Prodigy Finance sends you a loan approval letter to use with your visa application.

Once you get to campus, you can sign your loan agreement digitally and funds will be disbursed directly to your school. Payments aren’t due until six months after classes end for full-time students. If you’re a part-time student, repayment begins three months from the date funds are sent to the school.

Prodigy Finance doesn’t have a uniform amount eligible students can borrow. Instead, participating universities and programs set their own terms for acceptance of these loans. Some schools or programs, for example, may only allow borrowers to pay tuition costs with Prodigy Finance loans, while others allow borrowers to pay the full cost of their education, including living expenses.

Prodigy Finance charges variable interest rates. The minimum rate offered is 9.54% APR. Your rate will depend on your finances, loan amount, repayment term and other factors.

What Discounts Does Prodigy Finance Offer?

Prodigy Finance does not provide any information on its website about possible discounts.

There are three main requirements to get a student loan through Prodigy Finance:

  • You plan to study abroad.
  • You want to study at a supported school. 
  • You’re from a supported country or state.

What Credit Score Do You Need?

Where Does Prodigy Finance Operate?

Prodigy Finance works with over 850 schools in 18 different countries.

Is Prodigy Finance Reputable?

How Is Prodigy Finance’s Customer Service?

Customer service can be reached by emailing, calling 866-533-3304 or by completing its website contact form.

What Are Some of Prodigy Finance’s Online Features?

Prodigy Finance is an online lender, and the entire loan process takes place digitally. You can also use the Prodigy Finance mobile app to check your statements, outstanding balance, payment due dates and information about making payments.

  • U.S. students pursuing a graduate degree overseas.
  • International graduate students in business, law, engineering or public policy.
  • People who want to avoid co-signers or collateral to qualify.

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